“‘It’s a 20-step process with seven different loops… 61% of requests actually follow that loop… legal sends it back 12%… new quote repeat 30%’”
The Startup Ideas Podcast · Become a $1M/yr FDE (Full Course)
Play from 14:59
14:59
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What was described
Mapped a 20-step quote-to-cash process in a $5 B revenue software company, identifying loops and exception rates
20 steps; 61% of requests follow a loop; 12% sent back by legal; 30% require quote repeat
Said nearby on the same subject
“So instead of buying a massive automation suite today, map out your entire fulfillment process on a physical whiteboard. Find the friction, smooth out the steps, and only purchase the software when the human volume completely maxes out.”
“We have two field guys when we first bought the company at 4.5M revenue ... now eclipsing 9M run rate revenue, we still have two field guys”
♫
Said on Acquiring Minds
Business modelrevenue grew from $3.6M to $9M; field staff stayed at 2Share this moment
“I map quested directions from their townhouse to a company, to the second company, to the third company and back to their townhouse and then just had print.”